H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Retail
Analysis and advice from the front lines of the retail transformation.
#BoFLIVE: Engaging the Gen-Z Shopper
BoF's Lauren Sherman in conversation with Irregular Labs Founder Molly Logan and Tiffany Zhong, chief executive of Zebra IQ, on what fashion needs to know about Gen-Z.
UK Shopper Numbers Plummet as Second Lockdown Starts
From Thursday onwards footfall crashed, falling by an average of 46.7 percent from the week before.
Pandora's Turnaround Leaves Short Sellers Burned
The jewellery brand, once notorious for regularly falling short of profit guidances, is now one of the Nordic region’s biggest corporate success stories.
Brookfield Reports Traffic and Sales Approaching Pre-Pandemic Levels
Customer traffic was as much as 70 percent of normal levels at Brookfield’s malls, with almost all tenants open, Chief Executive Officer Brian Kingston said on a conference call with analysts.
The Retailer That's Still Charging Ahead Without E-Commerce
Against the odds, Primark’s sales bounced back faster than expected over the summer, despite the company’s lack of online sales channels. But a second wave of lockdowns is putting fresh pressure on the retailer.
Capri Holdings Beats Quarterly Revenue Estimates
The Michael Kors owner's total revenue fell to $1.11 billion in the second quarter from $1.44 billion a year earlier.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
What Comes After Sweatpants
Brands are nudging consumers away from the comfy clothing that they purchased at the onset of the pandemic. But stretchy fabrics and elastic waistbands aren't going anywhere.
#BoFLIVE: Fashion’s New Paths to Purchase
Maria Prados, vice president of global retail and B2B at Worldpay, and London College of Fashion lecturer Shanu Walpita discuss how retailers can drive growth through innovations in fashion’s paths to purchase.
John Lewis To Cut 1,500 Head Office Jobs
The British retailer said the move was part of its strategy to return to sustainable profit by 2025.
Zalando Puts More Stores Online as Lockdowns Return
The online fashion retailer said it will waive commissions until the end of March to help new brick-and-mortar additions.
How the ‘Nap Dress’ Went Viral
Last week, Hill House Home sold $1 million worth of its sell-out nap dresses in just half an hour. Now, the product is set to drive 50 percent of the lifestyle brand’s business by the end of the year. What's the secret to its success?
THE NEWS IN BRIEF
Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.